Spacious Duplex with Attached
For Sale
Contact for pricing
507 Bayfield Drive 707, Jefferson, WI 53549
Large duplex featuring three bedrooms, three baths, and attached garages.
Property Size3,600 SF
Price / SF$134.72
Days on Market557
Property Features for 507 Bayfield Drive 707
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multifamily
Zoning
DR-8
Building Details
Year Built
1992
Listing Agency:
CENTURY 21 Endeavor
Listed By:
Michael Gross · License #50867-90
Source:
Crexi
Added: Jan 31, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Endeavor
Investment Insights
Based on property information with market context.
This is a large duplex with a total area exceeding 3,600 square feet. Each unit features three bedrooms and three bathrooms, along with a two-car attached garage. The property is situated on a corner lot, with each unit facing a different street. The building has a newer roof and large rooms.
Key Highlights
- Large duplex totaling over 3,600 sq ft.
- Each unit features 3 bedrooms and 3 bathrooms.
- Enjoy the convenience of a 2‑car attached garage for each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,400
$763.4K
Cap Rate 7%
$545,286
$545.3K
Cap Rate 9%
$424,111
$424.1K
Market Conditions
NOI Build-Up for 3,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.3K $16.20/SF
− Vacancy
−$3.8K −$1.05/SF
EGI
$54.5K $15.15/SF
− OpEx
−$16.4K −$4.54/SF
NOI
$38.2K $10.60/SF
Area
Jefferson County, WI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,400
Cap Rate 7%
$545,286
Cap Rate 9%
$424,111
Alternative Uses
Best Use
Multifamily LT 5
$545.3K
$477.1K – $636.2K
NOI $38,170 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$482.7K
$422.3K – $563.1K
NOI $33,787 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$845.0K
$739.4K – $985.8K
NOI $59,149 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 53549, WI
10,199
Population
4,544
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
71.1 sq mi
ZIP Area
143
Density / Sq Mi
$78,058
Median Household Income
$47,266
Median Earnings
$1,035
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Large duplex featuring three bedrooms, three baths, and attached garages.
Where is this duplex located?
The property is located at 507 Bayfield Drive 707 Jefferson, WI.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Large duplex totaling over 3,600 sq ft.; Each unit features 3 bedrooms and 3 bathrooms.; Enjoy the convenience of a 2‑car attached garage for each unit.
